Consider a capital expenditure project to purchase and install new equipment with an initial cash outlay of 542.000. The project is expected to generate etter tax cash flows each year of 55000 for a year, and at the end of the project a one-ome after tax cash flow of 535.000 is expected. The firm has a weighted average cost of capital of 75 percent and requires a Tear gayback on project of this type Determine whether this project should be accepted er rejected using NPV. Accept since NPV is 59,302.19 and is greater than mero Reject ce NPV-593.302.19 and is less than pero Acceptance-55130219 and is greater than er Accept since NPV is 59330219 and greater than zero None of the listed choices is correct